We recently published 10 Big Names Bleed Double Digits. Kyndryl Holdings, Inc. (NYSE:KD) is one of the worst-performing stocks on Tuesday.
Kyndryl Holdings fell by 21 percent on Tuesday to close at $28.94 apiece as investors soured on the disappointing earnings performance in the first quarter of fiscal year 2026.
In its updated report, Kyndryl Holdings, Inc. (NYSE:KD) said revenues during the period finished flat year-on-year at $3.7 billion, falling short of its $3.83 billion forecast.
However, net income expanded by 409 percent to $56 million from $11 million in the same period last year.
For the full fiscal year of 2026, Kyndryl Holdings, Inc. (NYSE:KD) said it was targeting an adjusted EBITDA margin of approximately 18 percent, representing a year-over-year increase of approximately 130 basis points.
“Our first quarter reflected steady progress across key growth areas of our business, with contributions from Kyndryl Consult, hyperscaler-related activity, scope expansions, and productivity gains. Our expertise in mission-critical technology and our unique operational capabilities, including Kyndryl Bridge, are helping customers innovate and create new growth opportunities for Kyndryl,” said Kyndryl Holdings, Inc. (NYSE:KD) Chairman and CEO Martin Schroeter.
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